and why won't president obama meet with netanyahu? but first, an urgent warning. it is about our nation's debt. as if the threat of going over the fiscal cliff isn't bad enough, it now gets worse. if congress doesn't reach a budget deal, moody's will cut its triple-a realitying by one notch, so can congress strike a deal? and avoid this downgrade? senator john thune is on the budget finance committee. nice to see you. >> nice to see you, greta. >> greta: so. moody's says they doll this. >> this is the latest warning we have gotten. obviously, this is not the first time that we have been warned. this is the most predictable crisis we have ever had. we know exactly how serious the situation is, the debt just crossed the $16 trillion mark. we are facing a fiscal cliff, come the first of next year, less than 4 months from now, at which time, the congressional budget office says if congress doesn't act, it could plunge us into a recession, likely will plunge us into a recession and could have unemployment above 9% before next year. >> greta: how you can let this happen